CTWS - Connecticut Water Service, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
68.20
-0.88 (-1.27%)
At close: 4:00PM EDT
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Previous Close69.08
Open68.87
Bid64.15 x 800
Ask69.49 x 900
Day's Range67.75 - 68.94
52 Week Range58.76 - 70.30
Volume34,089
Avg. Volume47,434
Market Cap822.499M
Beta (3Y Monthly)0.02
PE Ratio (TTM)49.42
EPS (TTM)1.38
Earnings DateNov 6, 2017 - Nov 10, 2017
Forward Dividend & Yield1.25 (1.81%)
Ex-Dividend Date2019-02-28
1y Target Est66.67
Trade prices are not sourced from all markets
  • GlobeNewswire23 days ago

    Connecticut Water Service Inc. Reports 2018 Earnings

    Connecticut Water Service, Inc. (CTWS) announced net income of $16.7 million or $1.40 earnings per basic common share (EPS) for 2018 on total revenues of $124.8 million. Non-GAAP Adjusted Net Income*, which excludes merger and acquisition costs, for 2018 increased from the prior year by $2.2 million.  The improved results in 2018 were primarily driven by increased revenues in base rates in Connecticut and Maine as well as increases in Water Infrastructure and Conservation Adjustment (WICA) and Water Infrastructure Charge (WISC) surcharges. The increased base rate revenues are associated with a settlement agreement between The Connecticut Water Company (Connecticut Water Company) and the Office of Consumer Counsel that was approved by the Connecticut Public Utilities Regulatory Authority (PURA) and a rate increase in The Maine Water Company’s (Maine Water) Biddeford and Saco division that became effective in December 2017.

  • SJW Corp (SJW) Q4 2018 Earnings Conference Call Transcript
    Motley Foollast month

    SJW Corp (SJW) Q4 2018 Earnings Conference Call Transcript

    SJW earnings call for the period ending December 31, 2018.

  • Business Wire2 months ago

    Maine Water Company Voluntarily Withdraws its Application for Reorganization in Maine to Align with Regulatory Approach in Connecticut in Connection with Proposed Merger of SJW Group and Connecticut Water

    SJW Group (SJW) (“SJW Group”) and Connecticut Water Service, Inc. (CTWS) (“Connecticut Water” or “CTWS”), the parent company of the Maine Water Company (“Maine Water”), announced today, consistent with the companies’ previously announced evaluation of the regulatory approach in Connecticut for the proposed merger of SJW Group and CTWS, that Maine Water voluntarily requested to withdraw its application before the Maine Public Utilities Commission. The companies noted that the withdrawal is without prejudice and they reserve the right to refile their petition.

  • Why Connecticut Water Service, Inc.’s (NASDAQ:CTWS) Return On Capital Employed Might Be A Concern
    Simply Wall St.2 months ago

    Why Connecticut Water Service, Inc.’s (NASDAQ:CTWS) Return On Capital Employed Might Be A Concern

    Today we'll look at Connecticut Water Service, Inc. (NASDAQ:CTWS) and reflect on its potential as an investment. In particular, we'll consider its Return On Capital Employed (ROCE), as that can Read More...

  • GlobeNewswire2 months ago

    Connecticut Water Service Inc. Declares Dividend

    CLINTON, Conn., Jan. 18, 2019 -- Connecticut Water Service Inc. (Nasdaq: CTWS) today announced that its board of directors declared a quarterly cash dividend of $0.3125 per.

  • Business Wire2 months ago

    SJW Group and Connecticut Water Continue to Evaluate Regulatory Approach in Connection with Proposed Merger and Withdraw Connecticut PURA Application

    SJW Group (SJW) (“SJW Group”) and Connecticut Water Service, Inc. (CTWS) (“Connecticut Water” or “CTWS”) announced today that they are continuing to evaluate their regulatory approach – including the possibility of submitting a new application to the Connecticut Public Utilities Regulatory Authority (“PURA”) – in connection with their proposed merger. The SJW Group and Connecticut Water merger agreement remains in effect and the companies remain committed to the merger and to realizing its many stakeholder benefits. The companies are confident that their combination is in the public interest and that they have the technical, financial and managerial suitability to create important benefits, including rate reductions, and unique service and job protections, for Connecticut customers and communities and the employees who serve them.

  • Is Connecticut Water Service, Inc. (CTWS) A Good Stock To Buy?
    Insider Monkey3 months ago

    Is Connecticut Water Service, Inc. (CTWS) A Good Stock To Buy?

    Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow over 700 of the best-performing investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish […]

  • GlobeNewswire4 months ago

    Detailed Research: Economic Perspectives on Energy Fuels, Golden Ocean Group, Net Element, Connecticut Water Service, Pan American Silver, and Golar LNG — What Drives Growth in Today's Competitive Landscape

    NEW YORK, Dec. 04, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • American Water's (AWK) Kentucky Unit Files for Rate Revision
    Zacks4 months ago

    American Water's (AWK) Kentucky Unit Files for Rate Revision

    American Water's (AWK) unit, Kentucky Public, files for a rate hike to recoup $100 million investment to strengthen the water infrastructure.

  • GlobeNewswire4 months ago

    Connecticut Water Service, Inc. Board Approves $85.7 Million Capital Spending Plan for 2019 and Declares Dividend

    Connecticut Water Service, Inc. (CTWS) announced today that the Company’s Board of Directors approved an overall $85.7 million Capital Spending Plan for 2019 for its regulated public water and wastewater utilities. More than 41 percent of the capital spending planned for 2019, or $35.4 million, is allocated for pipeline replacement and other projects eligible through Connecticut’s Water Infrastructure and Conservation Adjustment (WICA) and Maine’s Water Infrastructure Charge (WISC) programs. “Our planned 2019 capital spending represents our long-standing record of and unwavering commitment to investing in the infrastructure needed to serve families and communities,” David C. Benoit, CTWS’s President and CEO stated.

  • PR Newswire4 months ago

    Connecticut Water Shareholders Approve SJW Group Merger Agreement

    CLINTON, Conn., Nov. 16, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today announced that its shareholders overwhelmingly voted to approve the Company's proposed merger agreement with SJW Group (SJW) at the Special Meeting of Shareholders held today. Carol P. Wallace, Chairman of the Connecticut Water Service Board of Directors, said, "We appreciate the strong support from our shareholders and look forward to delivering significant value to our shareholders and meaningful benefits to our customers, employees and the communities we serve. Together with SJW Group, we will create a new leading, national, pure-play water company focused on reliability, superior service and environmental stewardship.

  • Associated Press4 months ago

    Connecticut Water Service: 3Q Earnings Snapshot

    On a per-share basis, the Clinton, Connecticut-based company said it had profit of $1.13. Earnings, adjusted for costs related to mergers and acquisitions, were $1.31 per share. The water company posted ...

  • GlobeNewswire4 months ago

    Connecticut Water Service Inc. Reports Third Quarter 2018 Results

    Connecticut Water Service, Inc. (CTWS) (“Connecticut Water”) announced net income of $13.7 million or $1.15 earnings per basic common share (“EPS”) for the third quarter of 2018 on total revenues of $39.3 million. Total revenues include revenues generated by Connecticut Water’s three business segments: Water Operations, Service and Rentals, and Real Estate. The improvements in Non-GAAP Adjusted Net Income in 2018 were primarily driven by increases in revenues resulting from general rate increases authorized in both Connecticut and Maine, as well as increases in Water Infrastructure and Conservation Adjustment (“WICA”) and Water Infrastructure Charge (“WISC”) surcharges.

  • PR Newswire4 months ago

    Second Leading Independent Proxy Advisory Firm Recommends Connecticut Water Shareholders Vote "FOR" the SJW Group Transaction

    Glass Lewis Joins ISS in Recommending that Connecticut Water Shareholders Vote "FOR" on the GREEN Proxy Card Special Meeting of Shareholders Only Eight Days Away; To Learn More about How to Vote, ...

  • PR Newswire5 months ago

    Leading Independent Proxy Advisory Firm ISS Recommends Connecticut Water Shareholders Vote "FOR" the SJW Group Transaction

    Carol P. Wallace, Chairman of the Connecticut Water Service Board, said, "We are pleased that ISS recognizes the compelling value that Connecticut Water shareholders will receive through this transaction and the thorough process that the Connecticut Water Service Board undertook. Importantly, the $70.00 per share cash offer represents a 33% premium to Connecticut Water's unaffected closing stock price on March 14, 20182 and exceeds our all-time high closing stock price,3 which underscores the tremendous and immediate upside created by this transaction.

  • GlobeNewswire5 months ago

    Connecticut Water Service Enters into Agreement with Connecticut Fund for the Environment to Protect Lands and Water Resources

    Attorney Curtis Johnson, President, and Katherine Fiedler, Legal Fellow, signed the agreement on behalf of CFE and indicated that CFE would file a brief in the pending docket for the merger of Connecticut Water and SJW Group. The brief would note that CFE “…does not oppose the transaction and that it supports the provisions [in the agreement] that provide for additional safeguards and are in the public interest.”  In a prior brief that was filed with PURA in the pending docket on October 26, 2018, CFE noted that, “…these conditions will have mutually beneficial outcomes for the State [of Connecticut] and the Companies and will serve the public interest.” The agreement is also responsive to comments related to water company lands filed by members of the public in the pending docket.

  • PR Newswire5 months ago

    Connecticut Water Posts Instructional Video on How to Vote "FOR" the SJW Group Transaction

    CLINTON, Conn., Oct. 17, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today posted a video showing how Connecticut Water shareholders can vote with the GREEN proxy card "FOR" the transaction with SJW Group (SJW). Connecticut Water and SJW Group are an ideal combination that is in the best interests of Connecticut Water shareholders and will create benefits for customers, employees and communities. To receive significant, certain, premium value of $70 per share in cash and secure meaningful stakeholder benefits, the Connecticut Water Service Board of Directors unanimously recommends shareholders vote "FOR" the proposals related to the SJW Group transaction by phone, by Internet or by signing and returning the GREEN proxy card.

  • Connecticut Water Sends Letter to Shareholders
    PR Newswire5 months ago

    Connecticut Water Sends Letter to Shareholders

    CLINTON, Conn., Oct. 15, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today sent a letter to shareholders in connection with the previously announced transaction with SJW Group (SJW). The Special Meeting of Connecticut Water Shareholders to vote on the transaction will be held on November 16, 2018. The Connecticut Water Service Board of Directors unanimously recommends that shareholders "go green" and vote "FOR" the proposal to approve the SJW Group merger agreement as well as all other proposals related to the SJW Group transaction on the GREEN proxy card.

  • Connecticut Water Files Definitive Proxy Materials and Mails Letter Urging Shareholders to Vote "FOR" SJW Group Transaction at Special Meeting of Shareholders on November 16, 2018
    PR Newswire6 months ago

    Connecticut Water Files Definitive Proxy Materials and Mails Letter Urging Shareholders to Vote "FOR" SJW Group Transaction at Special Meeting of Shareholders on November 16, 2018

    CLINTON, Conn., Oct. 2, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission ("SEC") and is mailing a letter to shareholders in connection with the Special Meeting of Connecticut Water Shareholders to vote on the previously announced transaction with SJW Group (SJW). The Connecticut Water Service Board of Directors unanimously recommends that shareholders "go green" and vote "FOR" the proposal to approve the SJW Group merger agreement as well as all other proposals related to the SJW Group transaction on the GREEN proxy card.

  • Reuters7 months ago

    SJW Group rejects CalWater's latest takeover bid -SJW CEO

    SJW Group has rejected the latest takeover offer from California Water Service Group , SJW's chief executive told Reuters on Friday, as it remains focused on completing its cross-country acquisition of a Connecticut-based water utility. CalWater announced late on Monday a revised proposal to acquire San Jose-based SJW for $70 per share in cash, valuing it at around $1.45 billion, having had a lower bid rejected in April. Speaking to Reuters, SJW CEO Eric Thornburg said the offer from CalWater did not give the company and its shareholders the same kind of benefits that its deal with Connecticut Water Service Inc would provide.